This book provides a fully revised and up-to-date analysis of the Economic and Monetary Union (EMU). With four entirely new chapters on responses to the financial crisis and the debate on reform options, Tomann assesses the EMU in comparison with other currency regimes through the adoption of a historical analysis. The book discusses in detail basic issues with currency and comprehensively analyzes monetary policy, highlighting problems of policy coordination. Tomann explores new monetary institutions that have been established in response to the financial crisis, before addressing long-term issues and reviewing reform proposals. By focusing on monetary issues the book offers a better understanding of macroeconomic policies and international policy cooperation, and, by extension, provides a thorough economic assessment of the EMU as an institution as it stands today.

Globalization of capital markets has received new momentum and it will continue to be of major importance for the years to come. Partly, the increasing integration of financial markets and the rise of foreign direct investment is a consequence of world trade expansion. But in addition to this underlying trend, the worldwide collapse of socialist systems and the opening up of big economies like India and China have fuelled the development of globalized capital markets. This book takes stock of recent developments with emphasis on emerging capital markets.

The period of transition from socialism to capitalism in parts of Europe and Asia over the past 25 years has attracted considerable interest in academia and beyond. From the Editors of Palgrave's iconic series 'Studies in Economic Transition' comes the Palgrave Dictionary of Emerging Markets and Transition Economics. This dictionary addresses the needs of students, lecturers and the interested general public to quickly find definitions and explanations of topics, institutions, personalities and processes in this historical phase of changing societies, which as such is not concluded. Today newly emerging market economies try to learn from the experiences of transition economies. Those who love The New Palgrave Dictionary of Economics will enjoy the format of this Dictionary, which uses an encyclopaedia-based approach, where articles not only define the terms but provide an overview of the evolution of the term or theory and also touch on the current debates.

In Deutschland hat sich nach dem Zusammenbruch des Weltwahrungssystems von Bretton Woods ein stabilitatspolitisches Regime etabliert, das dem Ziel der Geldwertstabilisierung Vorrang vor den anderen stabilitatspolitischen Zielen gibt. Dieses Lehrbuch untersucht die Implikationen einer Dominanz der Geldwertstabilisierung fur alle Bereiche der Stabilitatspolitik. In die Untersuchung werden auch die stabilitatspolitischen Strategien einer kunftigen Europaischen Wahrungsunion einbezogen. Im Anschluss an eine kurze Einfuhrung in die methodischen und theoretischen Grundlagen der Stabilitatspolitik werden modellanalytische Schlussfolgerungen zur Stabilitatspolitik jeweils mit konkreten Problemlagen fur komplexe Handlungssituationen konfrontiert."

Dieses Lehrbuch fuhrt die Studierenden an das Arbeiten mit mikrooekonomischen und makrooekonomischen Modellen heran. Der Autor legt besonderen Wert auf inhaltliche Begrundungen und darauf, die Bedingungen der Modellanalyse sichtbar zu machen. Die Bezuge der modernen Volkswirtschaftslehre zu ihren Wurzeln in der klassischen Politischen OEkonomie werden hergestellt und die Aussagekraft der oekonomischen Analyse wird anschaulich an ausfuhrlichen Beispielen aus der praktischen Wirtschafts- und Sozialpolitik demonstriert.